State of Tennessee Department of Treasury Has $10.94 Million Stake in Leidos Holdings, Inc. (NYSE:LDOS)

State of Tennessee Department of Treasury cut its holdings in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,963 shares of the aerospace company's stock after selling 55,604 shares during the period. State of Tennessee Department of Treasury owned approximately 0.06% of Leidos worth $10,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Duncker Streett & Co. Inc. acquired a new stake in Leidos in the fourth quarter valued at $27,000. Berbice Capital Management LLC bought a new stake in Leidos during the fourth quarter worth $29,000. Mather Group LLC. grew its position in Leidos by 143.1% in the fourth quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock valued at $38,000 after acquiring an additional 156 shares during the last quarter. Human Investing LLC acquired a new position in Leidos during the 4th quarter worth approximately $52,000. Finally, Vision Financial Markets LLC bought a new position in shares of Leidos in the 4th quarter valued at $57,000. Institutional investors own 76.12% of the company's stock.

Leidos Price Performance

NYSE:LDOS opened at $142.10 on Thursday. The business's 50-day simple moving average is $135.47 and its two-hundred day simple moving average is $150.94. The stock has a market cap of $18.22 billion, a PE ratio of 15.38, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. As a group, analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos's dividend payout ratio (DPR) is 17.32%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. This represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Leidos from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. William Blair downgraded shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group dropped their price target on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald raised Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and an average price target of $179.23.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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